)
Visual24 Oct 2025
The rise of Alphabet
BW Offshore (BWO) investor relations material
BW Offshore Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary28 Aug, 2025
Executive summary
2025 EBITDA guidance was raised to USD 240–260 million, reflecting strong operational and financial performance year-to-date and supported by high fleet uptime and arbitration settlement proceeds.
BW Opal FPSO was hooked up at the Barossa field, is near startup, and is on track for first gas in Q3 2025 under a 15-year, USD 4.6 billion contract plus options.
Sale of FPSO BW Pioneer for USD 125 million completed, with a five-year O&M contract secured; arbitration settlements contributed significant cash inflows.
Maintained quarterly cash dividend, supported by robust cash flows, strong liquidity, and compliance with covenants.
Strategy review reaffirms focus on FPSO core business, selective expansion into floating transition solutions, and disciplined capital allocation.
Financial highlights
Q2 2025 EBITDA was USD 57 million, with H1 2025 EBITDA at USD 148 million and net profit at USD 87 million.
Q2 2025 net profit was USD 24.6 million, or USD 0.14 per share.
Operating cash flow reached USD 103 million in Q2, with H1 net cash inflow from operations at USD 159.5 million.
End-Q2 net cash position of USD 213 million and available liquidity of USD 531 million.
Revenue for H1 2025 was USD 281.2 million, with Q2 operating revenues at USD 127.8 million.
Outlook and guidance
2025 EBITDA guidance raised to USD 240–260 million, with further upside expected in 2026 as BW Opal contributes a full year.
BW Opal expected to start production in Q3 2025, ramping up revenue from 60% to 100% day-rate.
Ambition to win one new FPSO project every other year and double company value by 2030.
Growing energy demand and pent-up FPSO project demand expected to drive new project FIDs over the next 12–36 months.
The company is evolving its execution model, focusing on project partnerships and risk management.
What drove the raised 2025 EBITDA outlook?
Explain backlog cashflow vs. revenue difference.
What caused the sharp drop in capital commitments?
New project execution model: How does it differ?
Floating transition solutions: Prioritization and capital?
Dividend covenant renegotiation: What drives it?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next BW Offshore earnings date
Q3 202514 Nov, 2025
Next BW Offshore earnings date
Q3 202514 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
BW Offshore Limited, an oil and gas company, provides floating production services to the offshore oil and gas industry worldwide. It is also engaged in the engineering of offshore production solutions for deepwater and harsh environments, as well as oil recovery. The company was formerly known as Bergesen Worldwide Offshore Limited and changed its name to BW Offshore Limited in May 2007. BW Offshore Limited was founded in 1982 and is based in Oslo, Norway.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage